ORA-01031 Insufficient privileges while CREATING a VIEW?

When I try to create a view that including different tables I'm getting the following error: Error at Line 1: ORA-01031 Insufficient privileges.

Could anyone tell me what could be the problem. I tried following the another stackoverflow post mentioned here but it's pertaining to different schemas.

ORA-01031: insufficient privileges when selecting view

Please let me know as I'm new here.

My Query is as follows:

ORiginal Question:Create a view to select employee ID, employee name, hire date, and department number.

MY SOLUTION:

CREATE VIEW SIMPVIEW AS
SELECT EMPNO, ENAME, HIREDATE,DEPTNO
FROM EMP;